| Russia's central bank tests stablecoins in regulatory sandbox; V God denies transferring 92,000 ETH to exchanges

headlines

headlines

Russia's Central Bank Tests Stablecoin in Regulatory Sandbox
The regulator continues to study the possibility of issuing its own digital currency. Nabiullina pointed out that the issuance of such a digital ruble could have a significant impact on the structure of financial markets and that the issue of digital currencies should be handled with great caution. (Interfax)

digital currency

digital currency

Media: The symposium on cleaning up Bitcoin mines in Ganzi Prefecture is only to collect opinions, not one size fits all

Regarding whether the Bitcoin mines in Ganzi Prefecture will be completely cleared, the relevant personnel of the Ganzi Prefecture Economic and Information Bureau said that there is no such thing as "completely clearing the mines", and the relevant symposium only listened to the owners of hydropower companies and bitcoin mines. Opinions from all parties involved, “It is definitely not a one-size-fits-all shutdown.” (Upstream News)

Forbes: European Central Bank EUROchain is more focused on the innovative integration of enterprise blockchain in banking business

Recent research by the European Central Bank (ECB) claims that it is developing a central bank digital currency (CBDC) payment system that protects user privacy, reports Dec. 17. According to the report "Exploring the Anonymity of Central Bank Digital Currencies", the ECB system has established a proof-of-concept (PoC) project for anonymity in CBDC. “The PoC features several new features developed by the European System of Central Bank’s (ESCB) EUROchain research network (backed by Accenture and R3) based on distributed ledger (DLT) technology,” the report states. (Forbes)

V God denies transferring 92,000 ETH to Kraken exchange

In response to the previous report that "V God suspected of transferring 92,000 ETH to Kraken", V God denied it on Twitter. He said: "I don't know the address of the transfer. Someone may have mistook the intermediate address of an exchange for mine." In addition, according to the analysis of Trustnodes, the large amount of transfer was carried out by Ethereum developers, Jeffrey Wilcke, one of the founding team members. (U. Today)

Litecoin Hashrate Drops 75% From 2019 Peak, Profitability Reaches Critical Level
Litecoin Hashrate Has Dropped 75% Since 2019 Peak

Data show that since the Litecoin computing power peaked in July this year, it has hit a low for the year, with a drop of 75%. There has also been a considerable drop in mining difficulty, so competition in this space appears to be weakening. It is estimated that the current profitability of Litecoin mining will become negative when the cost of electricity exceeds $0.075 per kWh.

Yesterday, some industry media reported the cancellation of CoinTiger’s domestic main company. CoinTiger made the following clarification statement: Since its establishment, the registration place of CoinTiger Exchange is Singapore, and the domestic main body is only a normal operation measure to guarantee the rights and interests of some employees. . At present, all operations of the Singapore company are normal. The cancellation of domestic entities is only a normal operation in response to regulatory policies in mainland China, so please do not over-interpret it.

Blockchain industry

Blockchain industry

Tencent, Alibaba, and Ruize Technology rank among the top three in the "2019 Blockchain Patent Application Rankings"

According to the incoPat global patent database, as of December 24, 2019, there were 12,355 blockchain-related patents in China, and the number of blockchain patent applications in China in 2019 was 4,295. From the ranking of China's blockchain patent applications from January 1 to December 24, 2019, it can be seen that the top ten applicants for blockchain patents are all enterprises, among which Tencent, Alibaba, and Ruice Technology rank the top three. (incoPat)

On December 25, all 52 stores of Pacific Coffee under China Resources in Shenzhen were connected to the blockchain electronic invoicing system, and invoices can be issued anytime, anywhere after online payment. According to the data, as of now, the number of blockchain electronic invoices issued in Shenzhen has exceeded 14 million. (China Financial News Network)

Investment and Financing

Investment and Financing

Tokai Tokyo Financial Holdings plans to invest about 500 million yen in Huobi Japan by the end of January next year

According to a Nikkei news report on December 25, Japan's Tokai Tokyo Financial Holdings (Tokai Tokyo Financial Holdings) will invest in Huobi Japan (Huobi Japan) to provide trading services such as Bitcoin through Huobi Japan. Japan is the subject of review to carry out IEO business. Huobi Japan will raise JPY 500,006,400, or approximately USD 4,565,017, from Tokai Tokyo Financial Holdings in the form of private placement. It is reported that the new shares are expected to be issued by the end of January 2020. CoinDesk Japan reported that Tokai is expected to hold more than 4 percent. (CoinDesk Japan)

Recently, Hangzhou Yunxiang Network Technology Co., Ltd. (Yunxiang Blockchain or Yunxiang), a leading enterprise in the blockchain industry, announced that it has completed the A++ round of financing of tens of millions of yuan, and the cumulative financing amount has exceeded 200 million yuan. It is understood that so far, Yunxiang Blockchain has completed five rounds of financing. It has previously received investment from Shenzhen Innovation Investment Group Co., Ltd. (Shenzhen Venture Capital), WIEC Group, Duowei Julong and other well-known institutions. (investment community)

global policy

secondary title

global policy
The Supreme Court of the Russian Federation has recognized tokens as assets like money and property. The court clarified that “digital rights,” the only legal description of cryptocurrencies currently in Russian law, could be used for bribery, just like regular fiat currency, property and other assets.

Character·Voice

Character·Voice

Li Xiaopeng, Minister of Communications: In terms of the development of smart and green transportation, research on the application of technologies such as blockchain will be strengthened in 2020

Li Xiaopeng, Minister of Communications: In 2020, research on the application of technologies such as blockchain will be strengthened

On December 26, Li Xiaopeng, Minister of Communications, stated at the 2020 National Transportation Work Conference that in terms of the development of smart and green transportation, the Ministry of Communications will strengthen research on the application of technologies such as artificial intelligence and blockchain in 2020, and accelerate the deployment of the Beidou satellite navigation system. Applications in civil aviation, railways, road transportation, Yangtze River shipping, postal services and other fields. (The Paper)